RE: [CANSLIM] BCGI big dip

From: Marc Deiter <dites@yahoo.com>
Subject: RE: [CANSLIM] BCGI big dip
Date: Thu, 17 Jul 2003 12:36:49 -0700 (PDT)
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Ron,

What's a long-legged Doji?  I checked the chart and BCGI had a wide
range yesterday and closed near the middle of that range.

Thanks,
Marc


- --- Ron Brown <rbrown@neb.rr.com> wrote:
> Hi Tomas,
> 
> A hard stop does absolutely no good on a gap down.
> 
> The stop this a.m. would have become a market order, and you would
> have been
> filled near the opening price around $13.70.  I believe in hard
> stops, and
> use them, but in situations like this, you are at the mercy of the
> market.
> 
> The only warning you had was that BCGI was struggling to get past
> its recent
> high, and yesterday's long-legged Doji on extremely heavy volume
> indicated
> that indecision surrounded BCGI.  When I see a long-legged Doji, I
> usually
> exit a position because it often forewarns of a turn in a stock or
> index.
> 
> I'm sorry you got hurt on this one.  I hope your position was not
> excessive.
> 
> Ron
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay
> Sent: Thursday, July 17, 2003 2:02 PM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] BCGI big dip
> 
> 
> Does the island reversal that kicked off the left side of the cup
> have
> any implications to canslim?  The failed bottoming patterns? (I see
> a
> failed double bottom transforming into a failed inverse head &
> shoulders
> bottom)  That large spinning top the day before the big drop looks
> a bit
> ominous as well.
> 
> 
> I agree with Gene.  One of the purposes of hard stops is to remove
> emotions from the equation.
> 
> Seems like you are in "hope" mode.  Not a good place to be.
> 
> 
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas
> Sent: Thursday, July 17, 2003 2:47 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] BCGI big dip
> 
> 
> Gene,  I don't see this as a bad thing.  This is
> another tuition fee.  I look at it is way, I will make
> a lot of mistake.  It is better to make the mistakes
> sooner than later (because I use less money now than
> later).  I would like to get as much experience and
> lesson learn out of this as possible.
> 
> On your second sentence, you are saying that I should
> put hard stop or stop limit on all my trades?
> 
> tomas
> 
> --- Gene Ricci <genr@swbell.net> wrote:
> > Hi Tomas, sorry to hear of your bad luck. I have to
> > caution you to not trade with a hard stop of some
> > limit or another.... I see it's now down to a 39%
> > drop.... when does benign become terminal?
> >
> > Gene
> >
> >   ----- Original Message -----
> >   From: Tomas
> >   To: canslim canslim
> >   Sent: Thursday, July 17, 2003 1:28 PM
> >   Subject: [CANSLIM] BCGI big dip
> >
> >
> >   Hi All,
> >
> >   I recently bought BCGI at BO on 07/08 for $18.89.
> >   Good fundies and good CwH.  No real yellow flags
> > that
> >   I can see.  Yesterday on after hour trading, it
> > went
> >   down about 33% due to news on a potential lost of
> > a
> >   big customer (51% of revenue).  Also, earnings
> > release
> >   yesterday was very good.  So, my question is
> > should I
> >   know this coming?  Maybe I missed some big warning
> >   signs.  Maybe I should have noticed the active
> > insider
> >   selling the last few months.  Another other
> > warning
> >   signs that I would have noticed?  Or is this
> > something
> >   that you cannot protect from?  I am think there
> > should
> >   be enough warning signs for this king of thing.
> >
> >   Is might be another dumb question, should I just
> > sell
> >   it now (you might be thinking "What! You have not
> > sold
> >   it yet"). Or wait for a few days to see what
> > happens
> >   and maybe I can get some of my loss back?  Am I
> > just
> >   been "hopeful when I should be fearful" (ie, sell
> > and
> >   get out ASAP)?
> >
> >
> >   Regards,
> >   tomas
> >
> >   __________________________________
> >   Do you Yahoo!?
> >   SBC Yahoo! DSL - Now only $29.95 per month!
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> >
> >   -
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> > "majordomo@xmission.com"
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> >   -"unsubscribe canslim".  Do not use quotes in your
> > email.
> >
> 
> 
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